News
Breaking: Plateau Imposes 24-Hour Curfew In Bokkos
The Plateau State Government has imposed a 24-hour curfew in Bokkos Local Government Area following the killing of two protesting youths by security personnel.
The youth were protesting Monday’s killing of a traditional ruler in the area.
SAF Ron Kulere, Lazarus Agai, was killed by gunmen suspected to be herdsmen along with his wife, son and orderly. Punch
Dss Detains Zamfara Speaker, Deputy, Others Over Plot To Impeach Gov Yari
The Department of State Service, DSS, has detained, in Abuja, Speaker of Zamfara State House of Assembly, Sanusi Rikiji, his deputy, Muhammad Gumi and other principal officers of the Assembly allegedly on the order of Governor Abdulaziz Yari over impeachment move against him.
The Voice of America, Hausa Service, reported, yesterday, that the lawmakers were in detention in Abuja after the governor accused them of plotting to impeach him. Vanguard
Senate Urges FG To Evacuate Nigerians In South Sudan
The Senate on Thursday called on the Federal Government to evacuate Nigerians living in the crisis-ridden South Sudan.
The decision followed a point of order made by the Deputy Spokesman of the Senate, Senator Ben Bruce, at plenary, the News Agency of Nigeria (NAN) reports. The Nation
Court Orders EFCC To Pay N5 Million Damages To Fayose’s Aide
A Federal Capital Territory High Court has granted bail to Abiodun Agbele, an aide to the Ekiti State governor, Ayodele Fayose.
Mr. Agbele was arrested by the Economic and Financial Crimes Commission, EFCC, on July 1 on allegations of fraud.
The EFCC said Mr. Agbele received huge public funds from a former defence minister, Musiliu Obanikoro, and delivered same to Mr. Fayose. Dailytrust
Halliburton: Buhari’s Wife Sues Fayose
The wife of President Muhammadu Buhari, Aisha, has sued the Ekiti State Governor, Ayo Fayose, for alleging that she was one of those indicted for involvement in the Halliburton multi-million dollar scandal.
The President’s wife had on many occasions denied involvement in the scam with a threat to sue Fayose if he did not stop dragging her into a fraud she knew nothing about.
A former Chairman of the Economic and Financial Crimes Commission, Ibrahim Lamorde, had also declared that Aisha was not one of Nigerians mentioned in the scam or indicted for the scandal. Punch
Boko Haram Degraded, Victims Returning Home – Interior Minister
The Federal Government has stated that Boko Haram terrorists in the North-East has been degraded and routed out from their major enclaves while victims of their atrocities are returning home.
The Interior Minister, Lt. General Abdulrahman Dambazau made the disclosure at the Regional Seminar on Media Engagement in Crisis Management organised by the Centre for Crisis Communication (CCC) in Port-Harcourt, Rivers State. Vanguard
Healthcare: Ambode’s Wife Doles Out Baby care Kits To Over 230 Pregnant Woman
Amid economic downturn in the country, wife of Lagos State Governor ,Mrs. Bolanle Ambode, yesterday distributed mother care kits to over 230 pregnant women in the state to relieve them of the burden of procuring the items.
Speaking at the programme tagged,” Support For Expectant Mothers” organized by Hope For Women In Nigeria Initiative (HOFOWEM), Mrs. Ambode said the state government was determined to stem maternal mortality rate in the state irrespective of the harsh economic situation. Leadership
Saraki Denies Joining PDP
The president of the Senate, Bukola Saraki, on Thursday said he remained committed to the ideals and agenda of the All Progressives Congress.
Mr. Saraki’s assurances was in reaction to media reports that he had abandoned his party for the opposition Peoples Democratic Party, PDP. Premium Times
Business News
Wema Bank Posts N1.3Bn Profit
Wema Bank Plc yesterday released its unaudited financial results for the six months of this year ended June 30th, showing a profit before tax of N1.3 billion. The result represents 11 per cent rise from N1.2 billion recorded in the first half of last year.
The Bank’s Managing Director/Chief Executive Officer, ‘Segun Oloketuyi, said the 2016 financial year has been an eventful one for the economy. The Nation
Developing Countries Lose 10% of Exports On Non-Tariff Measures – UN
Developing countries lose an estimated 23 billion U.S. dollars annually through failure to comply with Group of 20 non-tariff measures, the UN Conference on Trade and Development (UNCTAD) says.
According to new data published by UNCTAD, the loss is equal to about 10 per cent of the exports of the developing countries to the Group of 20 (G20). Vanguard
Eko Disco Losses Over N50m Monthly To Equipment Vandal
The Chief Executive Officer, Eko Electricity Distribution Company Plc (EKEDP), Mr Oladele Amoda, has said that the company (also referred to as Eko Disco) lost over N50 million due to electricity equipment vandalism within its network monthly.
Amoda, who disclosed this in against the backdrop of continuous power outage within its network, condemned the increase in equipment vandalism within EKEDP’s operations. Independent
Sterling Bank Dumps Keystone Acquisition Plan
Sterling Bank Plc has withdrawn its bid to buy Keystone Bank Limited over the price sought for the lender rescued bridge bank.
“We felt we wouldn’t get it at the price we are willing to pay,” Abubakar Suleiman, the Chief Financial Officer for Sterling Bamk, told Bloomberg, adding: “Keystone also didn’t fit in with the lender’s “current strategy.” He, however, did not give more details. The Nation
Diaspora Remittances Hit $21Bn
A total of $21 billion was remitted to the country by Nigerians in Diaspora in the last one year, the Secretary to the Government of the Federation (SGF), Babachir David Lawal, has said.
Lawal who spoke during the 2016 Diaspora Day press briefing yesterday, said the Federal Government has approved waivers for drugs, roofing sheets, and other items imported by Nigerians in Diaspora to aid Internally Displaced Persons (IDPs), for youth empowerment and enterprises development. The Nation
Nigeria’s 35% Return On Investment Ranks 4th Globally– BOI
The acting Managing Director of the Bank of Industry (BOI), Mr Waheed Olagunju, has said that Nigeria’s 35 percent return on investment makes it a top investment destination in the world. The rate of return made Nigeria ranked fourth globally.
Olagunju said this, weekend, in Lagos, on the sidelines of BOI media parley titled: “Sustaining Nigeria’s industrial sector growth through impactful partnership.” Daily Trust
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.